https://www.taxtmi.com/caselaws?id=448362 Delhi HC upheld Tribunal's decision treating mutual fund gains as capital gains rather than business income. Court held that determining investment versus trading nature requires examining intent through transaction frequency, holding period, quantum, and book disclosure. Since statutory authorities' factual findings on investment nature weren't challenged as perverse, no substantial legal question arose. Regarding deemed dividend under Section 2(22)(e), HC confirmed capital contributions cannot be treated as loans/advances, and any addition should be made against individual partners by their respective AOs after proper hearing, not against the assessee firm. en-us Mon, 15 Jan 2024 00:00:00 +0530 Thu, 29 Feb 2024 15:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448362 Delhi HC upheld Tribunal's decision treating mutual fund gains as capital gains rather than business income. Court held that determining investment versus trading nature requires examining intent through transaction frequency, holding period, quantum, and book disclosure. Since statutory authorities' factual findings on investment nature weren't challenged as perverse, no substantial legal question arose. Regarding deemed dividend under Section 2(22)(e), HC confirmed capital contributions cannot be treated as loans/advances, and any addition should be made against individual partners by their respective AOs after proper hearing, not against the assessee firm. Case-Laws Income Tax Mon, 15 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448362